Hempstract : 2021 Annual Disclosure & Financials

Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines

Hempstract Inc.

(f/k/a: RIVERDALE OIL AND GAS CORPORATION)

a Nevada corporation

11728 Rd. U SE

Warden, Washington 98857

www.hempstractlabs.com

(877) 258-7836

info@hempstractlabs.com446191 (Primary SIC Code)

Annual Report for the Period Ending:

December 31, 2021 (the "Reporting Period")

• As of April 13, 2022, the number of shares outstanding of our Common Stock was: 93,896,315

• As of December 31, 2021, the number of shares outstanding of our Common Stock was: 93,896,315

• As of September 30, 2021, the number of shares outstanding of our Common Stock was: 93,896,315

• As of December 31, 2020, the number of shares outstanding of our Common Stock was: 93,485,744

Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 andRule 12b-2 of the Exchange Act of 1934):

Yes: ☐

No: ☒

Indicate by check mark whether the company's shell status has changed since the previous reporting period:Yes:

☐

No: ☒

Indicate by check mark whether a Change in Control1 of the company has occurred over this reporting period:Yes:

☐

No: ☒

1)

Name and address(es) of the issuer and its predecessors (if any)

1 "Change in Control" shall mean any events resulting in:

(i) Any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the "beneficial owner" (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then outstanding voting securities;

• (ii) The consummation of the sale or disposition by the Company of all or substantially all of the Company's assets;

• (iii) A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to such change; or

(iv) The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation.

In answering this item, provide the current name of the issuer any names used by predecessor entities, along with the dates of the name changes.

The name of the issuer is "Hempstract Inc". The predecessor entities to Hempstract Inc. were Riverdale Oil and Gas Corporation until September 10, 2020, Helisys, Inc. until July 2006, and Fraser Industries, Inc. until March 2007.

The state of incorporation or registration of the issuer and of each of its predecessors (if any) during the past five years; Please also include the issuer's current standing in its state of incorporation (e.g., active, default, inactive):

Hempstract Inc. (the "Company") is a Nevada corporation formed on February 23, 2007.The issuer's current standing in its state of incorporation is "active."

Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors since inception:

N/A

List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:

On February 28, 2020, Manufacturing 360, LLC acquired a controlling interest of the Company, and Richard Hawkins was appointed as director, CEO and President. On February 2, 2020, Ron Herzfeld resigned as Director, President and Treasurer and Michael Glazer resigned as Secretary.

On August 6, 2020, the Company entered into an Asset Purchase Agreement with Hempstract, LLC ("Hempstract"), a Washington limited liability company, pursuant to which the Company acquired all of Hempstract's assets, including licenses, equipment, materials, inventory, assignment of all leases, services, and vendor contracts for the purchase price of 36,800,000 restricted common shares of the Company.

The address(es) of the issuer's principal executive office:

Hempstract, Inc., 11728 Rd. U SE, Warden, Washington 98857

The address(es) of the issuer's principal place of business:

Check box if principal executive office and principal place of business are the same address: ☒

Has the issuer or any of its predecessors been in bankruptcy, receivership, or any similar proceeding in the past five years?

Yes: ☐

No: ☒

If this issuer or any of its predecessors have been the subject of such proceedings, please provide additional details in the space below:

N/A

2)

Security Information

All additional class(es) of publicly traded securities (if any):

None

Transfer Agent

Name: Action Stock Transfer Phone: 801-274-1088

Email:jb@actionstocktransfer.com

Is the Transfer Agent registered under the Exchange Act?3 Yes: ☒ No: ☐

3)

Issuance History

The goal of this section is to provide disclosure with respect to each event that resulted in any direct changes to the total shares outstanding of any class of the issuer's securities in the past two completed fiscal years and any subsequent interim period.

Disclosure under this item shall include, in chronological order, all offerings and issuances of securities, including debt convertible into equity securities, whether private or public, and all shares, or any other securities or options to acquire such securities, issued for services. Using the tabular format below, please describe these events.

A. Changes to the Number of Outstanding Shares

Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods: ☐

2 "Public Float" shall mean the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a "control person"), or any affiliates thereof, or any immediate family members of officers, directors and control persons.

3 To be included in the Pink Current Information tier, the transfer agent must be registered under the Exchange Act.

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